Malaysian firm teams up with Swiss company to develop blockchain technology

Swiss-based Venaco Group and Cheng & Co, a Malaysian accounting and outsourcing services firm in Kuala Lumpur, entered a strategic partnership for business-to-business and IT projects last week.

Under the agreement, Venaco will collaborate with Cheng to provide strategic business consulting and transformation services. Both parties also mutually agreed to explore blockchain technology. However, financial terms of the partnership weren’t disclosed to the public.